Policy continuity, infrastructure growth and a stronger electric vehicle ecosystem in the upcoming Union Budget will be critical for sustaining momentum in the automotive sector, according to Skoda Auto Volkswagen India MD and CEO Piyush Arora.
The Pune-based brand, which manages the Indian operations of six brands, Skoda, Volkswagen, Audi, Bentley, Lamborghini and Porsche, also emphasised the importance of customs reforms and bilateral trade agreements to support global integration.
In an interaction with PTI, Arora said the GST reforms introduced last year led to the revival of the domestic passenger vehicle industry.
“And from that point of view, if there are some important duties in the electric (vehicle) space that can be addressed (in the Budget) going forward, it would help… Continuity is extremely important for our sector, along with further focus on infrastructure growth and building up the EV ecosystem,” he said.
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